New Patriotic Party (NPP) flagbearer Vice President Dr Mahamudu Bawumia has assured members of the Ghana Union of Traders\u2019 Association (GUTA) of his commitment to implement business-friendly tax reforms to boost transactions under his administration.<\/p>\n\n\n\n
During an interaction with GUTA members in Accra, he reiterated his plans to introduce a flat-rate tax system and grant tax amnesty to all businesses and individuals in 2025.<\/p>\n\n\n\n
He pledged to benchmark Ghana\u2019s port duties with those of Lome Port, Togo, ensuring parity or lower tariffs to deter smuggling and diverting goods to neighbouring ports.<\/p>\n\n\n\n
Furthermore, the NPP flagbearer outlined his intention to impose specific duties at the port on 20-footer and 40-footer containers to enhance pricing predictability of imported goods.<\/p>\n\n\n\n
Dr Bawumia also highlighted initiatives to stabilise the local currency through the Bank of Ghana\u2019s gold-purchasing policy, ultimately leading to stable exchange rates.<\/p>\n\n\n\n
\u201cMy government will prioritise the interests of businesses, aiming to make Ghana one of the most business-friendly economies globally,\u201d he stated.<\/p>\n\n\n\n
He announced plans to introduce a Credit Scoring System for entrepreneurs and individuals by June, reducing interest rates for those with good loan payment records.<\/p>\n\n\n\n
Under my administration, we will reduce government borrowing by moving government\u2019s expenditures to the private sector.\u201d<\/p>\n\n\n\n
Also, Dr Bawumia pledged to focus on solar power generation to produce 2,000 megawatts of solar energy within the first four years of his presidency.<\/p>\n\n\n\n
\u201cI am encouraged by GUTA\u2019s positive reaction to my policy proposals, especially the tax amnesty and flat tax and container rates proposals, aimed at creating a friendly environment for businesses to thrive,\u201d he said.<\/p>\n\n\n\n
Earlier, Dr Joseph Obeng, President of GUTA, outlined challenges faced by Ghanaian entrepreneurs, including the high costs of doing business. <\/p>\n\n\n\n
Members of the Association also engaged in discussions, seeking clarifications and making suggestions.<\/p>\n\n\n\n
<\/p>\n","protected":false},"excerpt":{"rendered":"
New Patriotic Party (NPP) flagbearer Vice President Dr Mahamudu Bawumia has assured members of the Ghana Union of Traders\u2019 Association (GUTA) of his commitment to implement business-friendly tax reforms to boost transactions under his administration. During an interaction with GUTA members in Accra, he reiterated his plans to introduce a flat-rate tax system and grant […]<\/p>\n","protected":false},"author":8,"featured_media":39533,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_post_source_name":"","_post_source_url":"","footnotes":""},"categories":[461,61,1],"tags":[4553,8657,7358,211,9042,9088,1262,9198,5494,6778,9196,192,3779,4521,5918,6032,2264,5563,2542,7225,611,11082,7574,3805,10214,11495,5795,9735,12244,1502,1780,8050,7231,2802,6541],"class_list":["post-42111","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-breaking-news","category-business","category-news","tag-accra","tag-amnesty","tag-bank","tag-bawumia","tag-borrowing","tag-container","tag-dr-mahamudu-bawumia","tag-economies","tag-energy","tag-engaged","tag-environment","tag-ghana","tag-ghana-union-of-traders-association-guta","tag-ghanaian","tag-gold","tag-goods","tag-government","tag-grant","tag-guta","tag-loan","tag-mahamudu-bawumia","tag-port","tag-presidency","tag-president","tag-rates","tag-reforms","tag-solar","tag-solar-power","tag-tariffs","tag-tax","tag-togo","tag-traders","tag-union","tag-vice-president","tag-vice-president-dr-mahamudu-bawumia"],"blocksy_meta":[],"_links":{"self":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/42111","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/comments?post=42111"}],"version-history":[{"count":1,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/42111\/revisions"}],"predecessor-version":[{"id":42112,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/posts\/42111\/revisions\/42112"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/media\/39533"}],"wp:attachment":[{"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/media?parent=42111"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/categories?post=42111"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.nsemgh.com\/api-json\/wp\/v2\/tags?post=42111"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}